CPO Futures Expected To Trade Lower On Profit-taking Next Week

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade lower next week due to profit-taking. A trader from Interband Group of Companies, Jim Teh, stated that prices are likely to range between RM4,200 and RM4,300 per tonne. Physical demand for the commodity is anticipated to come from China, Pakistan, India, and several countries in the Middle East and Europe. Over a Friday-to-Friday period, the May 2026 contract rose by RM131 to RM4,517 per tonne, the June 2026 contract gained RM143 to RM4,565 per tonne, and the July 2026 contract increased by RM147 to RM4,597 per tonne. The August 2026 contract rose by RM160 to RM4,617 per tonne, the September 2026 contract increased by RM178 to RM4,627 per tonne, and the October 2026 contract surged by RM187 to RM4,622 per tonne. Weekly trading volume increased to 481,774 lots from 429,556 lots last week, while open interest fell to 258,789 contracts from 260,192 contracts previously. The physical CPO price for May South rose by RM110 to RM4,570 per tonne.